DOLLAR INDEX Buy Signal Long

U.S. Dollar Currency IndexTVC

Description

⋅ Oct 7, 2019 5:00 PM

Pattern: 1D Channel Up.

Signal: Bullish once the price makes contact with the 1D MA50.

Target: 100.00 (Higher High of the Channel).

Comments

PassiverForexIncome

⋅ Nov 7, 2019 8:05 PM

I've been following your idea, but it looks like your support line may turn into resistance? thoughts?

TradingShot

⋅ Nov 7, 2019 8:14 PM

@beherd, Hello, I don't think it will turn into resistance as the price found support on the Higher Low trend line of the 1M Channel Up. The uptrend should now get more aggressive than it would be had it rebounded at 98. I expect 100 by the start of December.

yunzhou

⋅ Oct 10, 2019 10:21 PM

DXY to touch 100 still?

TradingShot

⋅ Nov 7, 2019 8:12 PM

@yunzhou, Yes still valid it found support within the wider 1M Channel Up.